Printer Friendly

ZEBRA REPORTS SALES JUMP 44 PERCENT, PROFITS UP 56 PERCENT

 VERNON HILLS, Ill., April 14 /PRNewswire/ -- Zebra Technologies Corp. (NASDAQ-NMS: ZBRA) , an international provider of bar code labeling solutions, today reported a 44.2 percent increase in sales and a 56.3 percent increase in net profits for its first quarter which ended April 3. Earnings per share were reported at $0.30, up 57.9 percent.
 First quarters sales of $18,997,000 were a record for the company, stated Charles R. Whitchurch, Zebra's chief financial officer. Profits of $3,641,000 also were a record. Whitchurch described gross margins and operating margins as particularly noteworthy. Gross profits were up 51 percent and operating profits up 69 percent on a 44 percent increase in sales. ``These are extraordinary results,'' Whitchurch said.
 Strong first quarter sales cut across all segments of the company's product lines. ``Zebra continued to experience strong sales of Performance Line printers during the quarter as well as strong favorable response to its recently introduced Stripe printers,'' Whitchurch noted. ``Our international sales continue to grow despite weakness in the European economy.''
 Zebra Technologies manufactures a broad line of thermal transfer demand label printers and associated supplies which are marketed in 47 countries throughout the world. The company recently completed a secondary stock offering for 3,024,500 shares at $22 3/4 for the purpose of increasing the liquidity of large share transactions. The company's stock is traded Over the Counter under the NASDAQ symbol ZBRA.
 ZEBRA TECHNOLOGIES
 Periods ended Three Months Ended
 April 3, March 28,
 1993 1992
 Sales $18,997 $13,170
 Net Profits $ 3,641 $ 2,330
 EPS 0.30 0.19
 Average shares 11,990,000 11,978,000
 -0- 4/14/93
 /CONTACT: Charles R. Whitchurch, chief financial officer of Zebra Technologies, 708-634-6700/
 (ZBRA)


CO: Zebra Technologies Corp. ST: Illinois IN: SU: ERN

TM -- NY097 -- 5872 04/14/93 16:15 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 14, 1993
Words:310
Previous Article:MACHINE TECHNOLOGY, INC. REPORTS SECOND QUARTER RESULTS
Next Article:NORTH AMERICAN MORTGAGE COMPANY ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
Topics:


Related Articles
ZEBRA TECHNOLOGIES REPORTS RECORD SECOND QUARTER
ZEBRA TECHNOLOGIES MAKES SIGNIFICANT PRODUCT INTRODUCTIONS; TWO PRINTERS ANNOUNCED FOR ECONOMY BAR CODE LABELING SOLUTIONS
ZEBRA TECHNOLOGIES REPORTS RECORD THIRD QUARTER
ZEBRA TECHNOLOGIES ANNOUNCES RECORD SALES AND EARNINGS
ZEBRA SALES INCREASE 45 PERCENT, PROFITS UP 37 PERCENT
ZEBRA TECHNOLOGIES REPORTS RECORD SALES AND PROFITS
ZEBRA SALES INCREASE 22.5%, INCOME UP 15.4%
ZEBRA TECHNOLOGIES REPORTS UNPRECEDENTED 2Q SALES AND RECORD EARNINGS
ZEBRA TECHNOLOGIES REPORTS RECORD RESULTS
Zebra Announces Record Third Quarter Sales and Earnings

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters